Best cheap car insurance in Ocala

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Ocala, Florida residents have an average commute time of 19 minutes and more than 40% of households own two cars. Though car insurance rates vary by carrier and household, the average cost of minimum coverage insurance is $914 per year and full coverage is $1,993 annually.

We found the best car insurance companies in Ocala by getting comparison quotes, reviewing third-party rankings and comparing coverages and discount options. These top auto insurers are identified below, along with the cheapest car insurance rates you can find in Ocala.

Best car insurance companies in Ocala

We chose the best car insurance providers in Ocala in the table below by reviewing the averages rates for minimum and full coverage. We also compared third-party rankings for customer satisfaction, plus the coverages and discounts offered by each company.

Insurance Company J.D. Power Score Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
Allstate 876 / 1000 $969 $2,063
Geico 871 / 1000 $819 $2,013
MetLife 886 / 1000 $1,077 $2,258
Progressive 856 / 1000 $1,129 $2,239
State Farm 881 / 1000 $623 $1,369

Allstate

Allstate offers car, home, life and other insurance products for residents in Ocala. Combining insurance products for multi-policy discounts and other qualifying discounts gives Allstate just over 9% of the Florida market share as the fourth largest insurer in the state. Allstate received an above average score of 876 points in the J.D. Power 2020 U.S. Auto Claims Satisfaction Study ranking it as the leader in overall customer satisfaction for the Florida region.

Geico

Geico has some of the cheapest rates on our list for best car insurance companies. It also happens to be the largest insurer in Florida with over 25% of the market share. Like Allstate, Geico offers multiple insurance products, coverage options and discounts to make rates more affordable in Ocala.

MetLife

MetLife offers discounts for superior drivers with clean records and those who complete a defensive driving course. Combined with other insurance products, MetLife can be an affordable option in Ocala, FL. MetLife came in sixth place on the Auto Claims Satisfaction Study with 886 points.

Progressive

As the second largest insurer in Florida, Progressive has 20% of the market share for car insurance. Progressive does well with customer satisfaction in the Florida region with 834 points.

State Farm

State Farm happens to be the cheapest car insurance company on our “best” list, and also holds 14% of the Florida market as third largest insurer. Customers in the Florida region rate State Farm below average at 826 points but it is a top contender for Auto Claims Satisfaction with 881 points.

Cheapest car insurance in Ocala

The average car insurance rate in Ocala, Florida is higher than the national average annual rate. In Ocala, the average annual cost for minimum coverage insurance is $914 compared to $565 nationally. As for full coverage, Florida’s average rate is $1,993 vs the national average, which is $1,674 per year.

Though Ocala residents may pay more than other states, that doesn’t mean you can’t find the cheapest car insurance rates for your household and driving needs. The table below shows the cheapest car insurance companies in Florida for both minimum and full coverage rates.

To find the cheapest car insurance providers, we compared the most popular carriers and their market share in Florida. We also reviewed each company’s financial strength, customer satisfaction, product offerings and discount opportunities. Each of these companies have a solid financial history, which means when it’s time to pay out claims, it can be done in a timely manner and in full. These companies offer various coverage limits and discounts to help Ocala citizens get cheap rates with some of the best car insurance companies in Florida.

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
State Farm $623 $1,369
Geico $819 $2,013
Allstate $969 $2,063
MetLife $1,077 $2,258
Progressive $1,129 $2,239

Ocala insurance requirements

Florida residents have minimum coverage requirements to meet in order to register a car, just like other states. In Florida, you must carry a minimum of:

  • $10,000 Personal Injury Protection
  • $10,000 Property Damage Liability

Car insurance discounts in Ocala

One way Ocala drivers can keep car insurance rates affordable is applying discounts to their policy. Most car insurance discounts are stackable, meaning if you qualify for more than one, you can use them to lower your car insurance premiums.

When applying for car insurance or discussing your existing policy, ask if you’re getting all the discounts you’re eligible for, which could include:

  • Defensive driving discount: For senior drivers 55 and older, some companies offer a discount if you complete a state-approved defensive driving course.
  • Good student discount: Insuring teens and inexperienced drivers can be expensive. If you have a teen driver or student under the age of 25 with a certain GPA, you could be entitled to a good student discount.
  • Multi-policy discount: If you have a car and rent or own your home, you can take advantage of a multi-policy discount by insuring both with the same company. You may also be able to get more discounts for your boat, golf cart or life insurance with the same carrier.
  • Safety features discount: Cars with anti-lock brakes, anti-theft devices, side curtain airbags and other safety features may be eligible for additional discounts
  • Vehicle safety discount: The better the safety ratings and overall claims history for your make and model, the more you can save on car insurance.

Frequently asked questions

What is the best car insurance company?

The best car insurance company is one that has superior financial strength, excellent customer service and good claims satisfaction. Some of the best car insurance companies in Ocala also have some of the cheapest rates, proving you don’t have to go without coverage for affordable premiums.

How much does car insurance in Ocala cost?

Each household is unique in their driving history and car insurance needs. The average annual cost for minimum coverage car insurance in Ocala is $914 and $1,993 for full coverage. Your rate may be higher or lower depending on the many factors insurance companies use to determine rates in Florida.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.